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these trends are bad for our economy. one study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. and that makes sense. when families have less to spend that means businesses have fewer customers. and households rack up greater mortgage and credit card debt. meanwhile concentrated wealth at the top is less likely to result in the broodly based consumer spending that drives our economy. rising inequality and declining mobility are also bad for our families and social cohesion, not just because we tend to trust our institutions less, but studies show we actually tend to trust each other less when there's greater inequality. and greater inequality is associated with less mobility between generations. that means the effects last. it creates a vicious cycle. for example, by the time she turns three years old, a child born into a low-income home hears 30 million fewer words than a child from well-off family. which means by the time she starts school she is already behind an
these trends are bad for our economy. one study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. and that makes sense. when families have less to spend that means businesses have fewer customers. and households rack up greater mortgage and credit card debt. meanwhile concentrated wealth at the top is less likely to result in the broodly based consumer spending that drives our economy. rising inequality and declining mobility are also bad...
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this is fascism, an economy that's supposedly privately owned but in reality, completely controlled, manipulated and as michelle said subsidized by government. we have billions of taxpayer dollars going tohose -- i thought they were evil. they were supposedly evil. >> they are. >> the insurance companies to offset their losses, to share in their profits, subsidies for them and the unions get a free pass. this is obama's animal farm. >> when we were researching the story we pulled up that video tape of president obama and guess how he ended that sentence again, period. no more taxpayer funded bailouts, period. michelle, help me out here. >> what bothers me is that it seems every morning when we wake up there is a new fix to the law or we learn about this little known provision that they snuck in. this is providing this president with a blank check to the u.s. treasury for him to basically save him from the mess that he's in that day. every day there is something new. why not scrap the entire thing and start over again? >> there should be a fix when it's necessary. that's how effective
this is fascism, an economy that's supposedly privately owned but in reality, completely controlled, manipulated and as michelle said subsidized by government. we have billions of taxpayer dollars going tohose -- i thought they were evil. they were supposedly evil. >> they are. >> the insurance companies to offset their losses, to share in their profits, subsidies for them and the unions get a free pass. this is obama's animal farm. >> when we were researching the story we...
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Dec 5, 2013
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is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people. people say costs go up and the prices get more expensive. and the dollar menu goes away. and then the supporters. believe it or not costco was supportive of raising minimum wage but not to $15. >> it is a bug jump from $8 to faep. >> and especially for the small business. >> john boehner was talking about it this woke. he believes what? if you raise the unemployment minum wage. >> you get less jobs and fewer jobs, exactly. and that has been more of a conservative view point. but there are conservatives, and the state of new jersey run by chris chri
is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people....
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Dec 4, 2013
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>> auto makers symbol of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can compete in a global economy? we have that and more tonight on "nightly business report" for this tuesday, december 3rd. >>> good evening everyone and welcome. i'm tyler mathisen. remember how great the month november was for stock investors, records and consecutive weeks of gains? hold that thought because so far december has gone the other way. fast. in fact, the dow and s&p 500 today ended lower for a third straight session. logging their biggest three-day decline in two months. some on wall street say stock prices are too high and they are taking profits and there is a pull back and this is the start of it, or maybe consumer spending, soggy so far this holiday season or the fed's seeing the blowout auto sales? we'll start pairing back on stimulus soon. whatever the reason
>> auto makers symbol of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can compete in a global economy? we have that and more tonight on "nightly business report" for this tuesday, december 3rd. >>> good evening everyone and welcome. i'm tyler...
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Dec 3, 2013
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economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees value in energy and health care, so far this year the broad-based s&p 500 index is up more than 26%. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable. >> you know, susie, i think the primary thing that creates sort of a bubble economy and ultimately a recession is just simply too much confidence about the future. when all the players, consumers, businesses, policy officials, everybody gets really bullish about the future they start to engage in dumb behaviors, they stretch the balance sheets, hire too many people and buy that second summer home and that is the thing that ultimately has to be corrected. and i think that confidence is better today but we're still at confidence levels that are belo
economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees value in energy and health care, so far this year the broad-based s&p 500 index is up more than 26%. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable....
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Dec 5, 2013
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the economy didn't always work for everyone. racial discrimination locked millions out of poverty -- or out of opportunity. women were too often confined to a handful of often poorly paid and it was only through painstaking struggle that more women, and minorities, and americans with disabilities began to win the right to more fairly and fully participate in the economy. nevertheless, during the post- world war ii years, the economic ground felt stable and secure for most americans, and the future looked brighter than the past. and for some, that meant following in your old man's footsteps at the local plant, and you knew that a blue-collar job would let you buy a home, and a car, maybe a vacation once in a while, health care, a reliable pension. for others, it meant going to college -- in some cases, maybe the first in your family to go to college. and it meant graduating without taking on loads of debt, and being able to count on advancement through a vibrant job market. now, it's true that those at the top, even in those year
the economy didn't always work for everyone. racial discrimination locked millions out of poverty -- or out of opportunity. women were too often confined to a handful of often poorly paid and it was only through painstaking struggle that more women, and minorities, and americans with disabilities began to win the right to more fairly and fully participate in the economy. nevertheless, during the post- world war ii years, the economic ground felt stable and secure for most americans, and the...
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Dec 4, 2013
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the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on to make obama care a success. joining me is dr. coreyhebert and elizabeth plank, executive social editor at policy mike. it's great to have you both here. elizabeth, in just a few hours policy mike is launching this week-long competition at today's youth summit. tell us about the competition and how you're hoping to engage the conversation about insurance. >> sure. we're really excited to be launching this competition today at the white house. we're going to be inviting millennials from across the country to give their ideas, their proposals and project ideas about
the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on...
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Dec 6, 2013
12/13
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economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india. yes. so that's an issue. >> so either the promise was delivered, but neither the catastrophe that was feared happened in that country when it turned over from white minority rule. >> yeah, no. i mean, i think -- >> it was somewhere in between. >> you're talking to somebody who continued embracing marxist policies -- >> but many people thought the country was going to go all the way down, but that didn't happen. and it didn't happen that -- the social needs versus the free market. >> well, you see, i think he came to learn that it's not about balancing the free market versus social needs, that they often converge. >> he said he had to balance the fears of the white population versus the hopes of the black populatio
economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india. yes. so that's an issue. >> so either the promise was delivered, but neither the catastrophe that was feared happened in that country when it turned over from white minority rule. >> yeah, no. i...
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. >> this killing health benefits is shattering the economy all across the country, in all 50 states. >> of course there are death panels in there. the important thing to remember is that's just one aspect of this atrocious, unaffordable, cumbersome, burdensome, evil policy of obama's. and that is obama care. >> obama care is really, i think, the worst thing that has happened in this nation since slavery. and it is in a way, it is slavery in a way. >> howard, is this the evil empire speech reapplied to obama care? i mean, i've never heard the word evil used to many times. i love the way sarah palin is unbelievably delicious at this. she talks about and those death panels are in there. i love the way she says the death panels are in there somewhere. like they're creeping around inside. >> i mean, sam very rightly and logically said these people should stop because the president said, repeated today, and reminded them that he's going to be in office. he can veto anything. so they ought to calm down. but the fact is when you watch a few of those clips and when you talk to people in the m
. >> this killing health benefits is shattering the economy all across the country, in all 50 states. >> of course there are death panels in there. the important thing to remember is that's just one aspect of this atrocious, unaffordable, cumbersome, burdensome, evil policy of obama's. and that is obama care. >> obama care is really, i think, the worst thing that has happened in this nation since slavery. and it is in a way, it is slavery in a way. >> howard, is this the...
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Dec 7, 2013
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. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. austin, let me start
. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs...
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Dec 4, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. our current situation seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's get out of here. warp speed. ♪ a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour reli
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that...
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Dec 5, 2013
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the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at low wage work. so you don't have the demand that would spark business investment. >> and the president today i think was making this very practical case, which was interesting, he kept saying it is not ideological, this is actually the thing that is not working. i think that pragmatic argument has been a rising argument in the last few years. >> oh, no, there has been speculation on the right wing, the left wing, the data is out, it is correlated with sluggish growth. that some of the most equal societies in the world actually have the highest economic growth and the more emphasis on education. we taught the nat
the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at...
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Dec 9, 2013
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is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the question as to whether even if the health care law seems to be working pretty well and even if the economy comes back, whether this sense of him as a weak president or somebody who was too detached has taken hold and it does divorce him from the forces that are changing the economy. >> fred, when you look at 2014, i know that it's easy to say it's going to be a bad year for the democrats because of health care and the president's job rating. you have this recovering economy. i assume that benefits all incumbent governors first. does it help democrats? >> yes, i do. i t
is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the...
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Dec 6, 2013
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the jobs and foreign currency which tourism generates will strongly influence our economy. the active and imaginative intervention of all stake stakeholders in this area of our national life must take advantage of the excellent atmosphere created by our peaceful transition to democracy to make tourism a major positive force in the future. we look forward to the private sector as a whole playing a central role in achieving the significantly high and sustainable rates of economic growth. we are convinced that the growth prospects of this sector will be enhanced by the measures of fiscal discipline contained in our approach to the reconstruction and development programme by the continued steady course of monetary policy. furthermore as growth proceeds, more domestic savings will progressively become available to finance increased investment at reasonable rates of interest. the government is also acutely conscious of the fact that we should work firstly to return the capital account of the balance of payments to equilibrium and, in due course, to ensure a net inflow of resource
the jobs and foreign currency which tourism generates will strongly influence our economy. the active and imaginative intervention of all stake stakeholders in this area of our national life must take advantage of the excellent atmosphere created by our peaceful transition to democracy to make tourism a major positive force in the future. we look forward to the private sector as a whole playing a central role in achieving the significantly high and sustainable rates of economic growth. we are...
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has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. and you work hard to get to the next level. it feels good when you reach point b, but you're not done. for you, "b" is not the end. capella university will take you further, because our competency-based curriculum gives you skills you can apply immediately, to move your career forward. to your point "c." capella university. start your journey at capella.edu. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] get the all-new 2014 cla2
has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. and you work...
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Dec 7, 2013
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economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remember, we still haven't gained back all of the jobs we l
economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up...
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but why i like it, it is basically a play on the rebound in american economy. as consumers begin to have more discretionary income they produce apparel for men and women in all levels of income. and they do it is basically over the last year they have been able to enter higher-margin businesses and the retail side versus their traditional wholesale based business. and management has a very strong track record of expanding margins of the last years and has been able to grow revenue at a double-digit clip for the last eight years as well. melissa: you guys have a unique perspective and to what is going on in the college campus. how does that impact your investment? is there anything you have seen around campus that you think is a good investment that the rest of us would be missing? >> you know, i think this kind of goes along with what we were talking about with a terrible technology. a revolutionary idea, but it is something that college kids probably would not accept or adopt very early, but the samsung's galaxy gear is a revolutionary technology. you can actu
but why i like it, it is basically a play on the rebound in american economy. as consumers begin to have more discretionary income they produce apparel for men and women in all levels of income. and they do it is basically over the last year they have been able to enter higher-margin businesses and the retail side versus their traditional wholesale based business. and management has a very strong track record of expanding margins of the last years and has been able to grow revenue at a...
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Dec 9, 2013
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KPIX
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rowe price, we understand the cnections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> schieffer: we're going to continue our look at nelson mandela legacy. gale king usually i'm on her set we're thrilled to have her with us on "face the nation." lorraine miller is an old friend of mine from way back in texas. she's now the interim head of the naacp we welcome her to the broadcast. gwen eifle moderator of "washington week" and michelle morris is the npr host and special correspondent and way up there in new york, rich stingle former managing editor of "time" magazine they have put out a special issue honoring mandela. rick also worked closely with nelson mandela on his biography wrote the book "mandela's way" i want to start with gale king, you came to know nelson mandela quite well. >> i actually did.
rowe price, we understand the cnections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> schieffer: we're going to continue our look at nelson mandela legacy. gale king usually i'm on her set we're thrilled to have her with us on...
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WUSA
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but what kind of jobs is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the south african government announced today that the state funeral for former president nelson mandela will be a week from sunday-- the culmination of days of memorial services. president obama will lead the u.s. delegation and he's invited the former american presidents to join him. mourners continued to gather today at mandela's home in johannrg died last night and at his former home in soweto. and for us, no one image captured his legacy better than this-- blacks and whites
but what kind of jobs is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched. captioning sponsored...
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Dec 2, 2013
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and that that ultimately will have a long-term impact on our economy. it was this belief that we had to get out of opportunity sharing into success sharing that has driven much of what i talk about on education. and, or therefore, if you start to think about that, it actually changes your whole view of education. into that i did step into a situation as was referenced by rick with one of the largest achievement gaps along racial lines or zip codes or type of community, however you want to describe it. tsa the reality in connecticut. -- that's the reality in connecticut. we have high highs and very low lows, and in cases they are in adjoining zip codes, so we needed to do something about that. we thesed to hold ourselves as governmental entities accountable for what we were doing on a state level, on a local jurisdictional level both on, by the leaders, the political leaders of noneducation government as well as by the leaders of the education government as it exists in the state of connecticut. and into that we have moved rather rapidly. i have to also
and that that ultimately will have a long-term impact on our economy. it was this belief that we had to get out of opportunity sharing into success sharing that has driven much of what i talk about on education. and, or therefore, if you start to think about that, it actually changes your whole view of education. into that i did step into a situation as was referenced by rick with one of the largest achievement gaps along racial lines or zip codes or type of community, however you want to...
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in a heating unglobal economy strong numbers. martha: we are spending more money, we have more technology being put into education than ever before so we are doing something wrong and we need to figure out what it is. so what do we do with this information? >> there is a lot to learn from this. you know a very important point. if we are spending more. we are spending more than most of the countries in the world and we don't have enough to show for it. also the point is that radical change is possible. upstarred countries like finland and poland, they turn them around. they are using high standard and high regard for teachers. perhaps most hearting for the u.s. we are told many of these countries turning themselves around are using innovation that started in the u.s. but it's not just ideas, it's many implementation. martha: there are so many factors at play here. we'll talk about it in a good debate coming up. so we ask everybody to stick around. good to see you. bill: fox news alert. minutes from now house speaker john boehner o
in a heating unglobal economy strong numbers. martha: we are spending more money, we have more technology being put into education than ever before so we are doing something wrong and we need to figure out what it is. so what do we do with this information? >> there is a lot to learn from this. you know a very important point. if we are spending more. we are spending more than most of the countries in the world and we don't have enough to show for it. also the point is that radical change...
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south africa is the most important economy. remembering, you know, the colonial africa went through a serial process of nations achieving their independence but the last on that list was south africa because the grip of the white national's government was so strong and the stakes were so high tremendously longer than it did places like kenya where president obama's father hailed from. a lot of emotion today from this president and i think you can expect him to point to the example of mandela as an example of statesmanship. but especially to our country which is so bitterly divided right now. >> this is truly a moment to highlight the importance of these new paths in history, of important people making brave new paths for the people. not only did the president do it, but he can also say take a look at nelson mandela and use it as a moment, so to speak. >> i would not expect for president obama to compare his experience with nelson mandela's. they don't compare it, really is the leading figure on the world stage in terms along wi
south africa is the most important economy. remembering, you know, the colonial africa went through a serial process of nations achieving their independence but the last on that list was south africa because the grip of the white national's government was so strong and the stakes were so high tremendously longer than it did places like kenya where president obama's father hailed from. a lot of emotion today from this president and i think you can expect him to point to the example of mandela as...
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Dec 4, 2013
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it's going to actually constrict the economy. so all these assaults on government and what the government does are really, you know, efforts to hurt ourselves to constrain it growth. and that's what was so important about the president's speech. he's making clear how we're all better off when we ensure that everyone can reach their opportunity, that everyone can reach their full potential. and i thought that's why i agree with congressman fattah. >> at every level of the country. i'm going to have to leave it there. thank you both for your time. >>> coming up. it's working! new obama care numbers show a surge. and republicans can't take it. so they're recycling their old tactics. >>> plus, get this one. speaker boehner is blaming democrats for obstruction. sounds out of this world, right? well, today a real connection between the party and outer space. >>> and from cutting food stamps to bill o'reilly saying jesus would not be down with welfare. >>> and first dog sunny is making big news today. wait until you see why. the day we
it's going to actually constrict the economy. so all these assaults on government and what the government does are really, you know, efforts to hurt ourselves to constrain it growth. and that's what was so important about the president's speech. he's making clear how we're all better off when we ensure that everyone can reach their opportunity, that everyone can reach their full potential. and i thought that's why i agree with congressman fattah. >> at every level of the country. i'm...
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Dec 3, 2013
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problems come up in any startup, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we're going to just fix it. >> the white house expects a big traffic surge to the website in a few weeks. and that's when consumers will probably rush to get insurance coverage by january 1st. >>> we're seeing startling new images of a wrecked commuter train in new york city as the engineer reveals new details about the deadly crash. >> a warning for tourists on the island of maui. the troubling trend that has wildlife officials so concerned. ,,,,,,,,,,,,,,,, boston that gutted a five s building overnight. within >>> it took more than a dozen fire engines to battle a raging fire in boston that gutted a five-story building overnight. within minutes, flames were shooting out of control blowing out several windows. according to officials, janitors were inside when the fire started. they were able to evacuate safely through a back door. no one was injured. >>> autopsies are scheduled today on actor paul walker and his business partner, who both died in a fiery crash. th
problems come up in any startup, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we're going to just fix it. >> the white house expects a big traffic surge to the website in a few weeks. and that's when consumers will probably rush to get insurance coverage by january 1st. >>> we're seeing startling new images of a wrecked commuter train in new york city as the engineer reveals new details about the deadly crash. >> a...
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Dec 6, 2013
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we're going to turn to the economy. wall street is reacting positively despite today's better than expected jobs report. i say despite because series of positive results could signal it's time to turn the policies. a net gain of 203,000 jobs. the unemployment rate slid to five-year low of 7%. over the past four months, the economy gained an average of more than 200,000 jobs each month. that's up sharply from the previous four months. okay, if it's jobs friday, it times for our dynamic economic duo, jared bernstein and peter marchi, even you have to feel good about this jobs report. >> i think this is a good jobs report given what we've been through. >> easy, jerry. >> i would like to have more jobs and be around 300,000, 400,000 but i think next year will be even better. so much so i think it is time to start to withdraw the stimulus and start focusing on budgetary priorities in terms of what do we really want to do. what do we really need and worry less about stimulus but more about the fundamentals. we need to rebuild
we're going to turn to the economy. wall street is reacting positively despite today's better than expected jobs report. i say despite because series of positive results could signal it's time to turn the policies. a net gain of 203,000 jobs. the unemployment rate slid to five-year low of 7%. over the past four months, the economy gained an average of more than 200,000 jobs each month. that's up sharply from the previous four months. okay, if it's jobs friday, it times for our dynamic economic...
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Dec 5, 2013
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the economy is not growing fast enough. why are we not focused on bringing the jobs back here to the u.s.? why are we not looking at being able to hold employers accountable? they are making money. i can start off with a few of them i can think of offhand. you need to be a way or and you need to be able to tell other people to be aware of how this works in congress. because if you don't support and we are trying to do bring companies back here to do the job creation and take care of you when you need it to be able to help you get back on your feet, then we are not doing your job. because we do not have the power to do it as it stands now. any comments? thing.st want to say one what i was feeling on monday morning was pure, unadulterated fear. i gave my christmas tree to a friend. i wasn't going to put it up. no christmas. i had no idea what i was facing. and your emotions go up and down, up and down. you go on a face to face interview and you think it went great, and because the competition in our area is very high because
the economy is not growing fast enough. why are we not focused on bringing the jobs back here to the u.s.? why are we not looking at being able to hold employers accountable? they are making money. i can start off with a few of them i can think of offhand. you need to be a way or and you need to be able to tell other people to be aware of how this works in congress. because if you don't support and we are trying to do bring companies back here to do the job creation and take care of you when...
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Dec 5, 2013
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wage increase and they spend that money and put it right back into the economy. those are the workers that eat at the establishments they work at. you might think of walmart wokkers buying more goods at walmart so this is a form of economic stimulus, but aside from the economic argument, chris, when half of all american workers make $27,000 or less that is unsustainable for our economy. it's unsustainable for creating a broad, middle class and it's a moral issue as well as an economic issue. >> kendall who is organizing this today was on my program a couple of days ago and he talked about the fact that it was a moral imperative and we heard about it yesterday who was facing a loss of pension, but he sees these issues in those same kind of moral terms and here's something else that kendall fell said to me earlier this week. >> the thing is they work for some of the richest corporations in the world. mcdonald's made about $5.5 billion in profit and that's after they pay all of the bills and pay all of the salaries and these workers, a lot of them are living in home
wage increase and they spend that money and put it right back into the economy. those are the workers that eat at the establishments they work at. you might think of walmart wokkers buying more goods at walmart so this is a form of economic stimulus, but aside from the economic argument, chris, when half of all american workers make $27,000 or less that is unsustainable for our economy. it's unsustainable for creating a broad, middle class and it's a moral issue as well as an economic issue....
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Dec 5, 2013
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david, what does this say about the economies and the taper, if that happens, over the past week or so? obviously it's been a great year, but the past five days have been not so great. what's the market telling you? >> well, this is really consistent with the consolidation and small pullbacks we've seen over the last few months. really we think this will be short-lived and we look forward to a year-end rally and another strong year in 2014. >> so what do you think the market is reacting to? just the fact that prices had run up so far and people want to get some money off the table and take some profits? is it, as joe was saying off camera, a taper tantrum or what. >> i think to call it a tantrum is a little strong. you're seeing markets just a couple percentage points off their highs. so this is more has to do with the market digesting the recent gains and also expecting some tapering in 2014. but we don't think it's going to be severe, and we think the market's going to increase with the taper, and it's a reflection, as joe said, in stronger economic growth looking forward. >> joe, do
david, what does this say about the economies and the taper, if that happens, over the past week or so? obviously it's been a great year, but the past five days have been not so great. what's the market telling you? >> well, this is really consistent with the consolidation and small pullbacks we've seen over the last few months. really we think this will be short-lived and we look forward to a year-end rally and another strong year in 2014. >> so what do you think the market is...
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Dec 7, 2013
12/13
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it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on the jobs front. 203,000 jobs were added in november, and the unemployment rate dropped to a five-year low of 7%. kristen welker, good saturday morning to you. what's the white house's take on the latest numbers? >> alex, good morning to you. the white house certainly touting the fact that the unemployment rate at its lowest level in five years. also highlighting the fact that a lot of this job gr
it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans...
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Dec 6, 2013
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the economy there collapsed. that plays into capitalism. >> when he was elected, many people did not know who he was. we are still learning about him and his time. also, his interactions with the poor. he is someone who is always reached out. >> the phrase that i use is ripped up the script. we just saw images of desmond tutu. the anglican experience against the africana experience in south africa. with in the religion of south africa, there has been so much to mull. -- tumult. catholic, what do you see for south africa as they try to move forward? this is a huge issue. >> nelson mandela was a huge, unifying figure. even in the last years of his life, he still helped people together. what will happen among these groups in the coming days and years will be critical. >> when you see south africa, do you perceive that religion still is front and center? i believe that he was in a methodist school coming out of the tribes way back. his religion still important there? >> i think that the anglican church still has a pr
the economy there collapsed. that plays into capitalism. >> when he was elected, many people did not know who he was. we are still learning about him and his time. also, his interactions with the poor. he is someone who is always reached out. >> the phrase that i use is ripped up the script. we just saw images of desmond tutu. the anglican experience against the africana experience in south africa. with in the religion of south africa, there has been so much to mull. -- tumult....
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Dec 8, 2013
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it helps our whole economy grow. we certainly want people who work to be able to afford their family budget. so i would hope this would be noncontroversial. n we've done it in the past. i hope we do it again. >> in fact, you've been quite vociferous about it. in your home stand of maryland, two county there is have raised their minimum wages to $11.50 an hour. we've seen this in other local governments across the country. do you think it's the only way this initiative is going to succeed, keep it local, give up on congress, and the federal increase? >> every time we've increased the minimum wage, it's helped our economy. every time. we've heard predictions it would cost jobs. it increases jobs. it increases livability, the standard of living for americans. so it's something that we should embrace. what we're trying to do is not really increase it. we're trying to adjust it so it makings up for the loss over the last many years. it really just brings it -- tries to bring it back to what it used to be. that should be s
it helps our whole economy grow. we certainly want people who work to be able to afford their family budget. so i would hope this would be noncontroversial. n we've done it in the past. i hope we do it again. >> in fact, you've been quite vociferous about it. in your home stand of maryland, two county there is have raised their minimum wages to $11.50 an hour. we've seen this in other local governments across the country. do you think it's the only way this initiative is going to succeed,...
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Dec 6, 2013
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economy, as the government releases the monthly jobs report. one survey found private companies added 215,000 jobs last month, beating expectations. >> looking at today's weather. rainy in the northeast. icy from the great lakes into texas. below zero in the northern plains. it will be even normally toasty. l.a. will stay in the 50s. >>> finally this morning, a parting tribute to nelson mandela. >> the leader, the pioneer and one of the world's most influential icons remembered this morning across the globe from people of all walks of life. >> for now, let us pause and give thanks for the fact that nelson mandela lived. a man who took history in his hands. >> it was tremendous. it was just tremendous. there was a lot of excitement. the electricity in the air. and he was truly one of the great, great heroes of our time. >> i just want to say, it's extremely sad and tragic news. we're reminded what an extraordinary and inspiring man nelson mandela was. >> he showed us, with the clerk and the african in a how to build a nation. still has so much t
economy, as the government releases the monthly jobs report. one survey found private companies added 215,000 jobs last month, beating expectations. >> looking at today's weather. rainy in the northeast. icy from the great lakes into texas. below zero in the northern plains. it will be even normally toasty. l.a. will stay in the 50s. >>> finally this morning, a parting tribute to nelson mandela. >> the leader, the pioneer and one of the world's most influential icons...
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Dec 6, 2013
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they didn't try to go after the economy. they should have tried to fix the economy. instead they focused time on a broken program by pulling in conservative concepts into a health care plan. >> that's -- >> oh. >> that's the reality. the main fundamental promises. keeping your plan, your doctor, saving $2500 per family per year, not true. you may trust him but you are one of five people in the country that believe him. >> you know me. >> i totally agree. there was over simplification. >> why are you having a hard time admitting it's not true? >> just the individual market there are ebbs and flows. that's natural. not everyone can keep their plan. >> they knew, read the november 2 edition of the wall street journal. they were debating in jewel of 2010 whether to tell the truth. they decided against it. here you are. he could have said it better. could have done this. they knew from the beginning. it was over simplification. absolutely true. >> they crafted the talking points to be that way. don't lie, emily. >> emily? >> i'm not going to agree. >> that's the truth. th
they didn't try to go after the economy. they should have tried to fix the economy. instead they focused time on a broken program by pulling in conservative concepts into a health care plan. >> that's -- >> oh. >> that's the reality. the main fundamental promises. keeping your plan, your doctor, saving $2500 per family per year, not true. you may trust him but you are one of five people in the country that believe him. >> you know me. >> i totally agree. there was...
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Dec 8, 2013
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don't raise taxes at a time when the economy is still weak. i think we can accomplish that over the next couple of days. >> gentlemen, i have to say, it sounds like the spirit of nelson mandela is taking hold. this is a very reasonable discussion this morning. sounds like you'll reach a deal this week. let me turn to something else. i might be a little bit more contentious. the fight over whether or not to raise the minimum wage. we saw the protests in more than 100 american cities calling for a living wage. senator durbin, let me begin with you. we know that there's deep divisions on this in the congress right now. if it's unlikely to see a major increase in the minimum wage right now in this congress, should companies like mcdonald's, head quartered in your own state, do more on their own? >> yes. i'll tell you, george. you can remember. you were on capitol hill. there was a time when raising the minimum wage was a bipartisan issue. we did it regularly to protect the hard-working americans that couldn't keep up with the expenses of life. now
don't raise taxes at a time when the economy is still weak. i think we can accomplish that over the next couple of days. >> gentlemen, i have to say, it sounds like the spirit of nelson mandela is taking hold. this is a very reasonable discussion this morning. sounds like you'll reach a deal this week. let me turn to something else. i might be a little bit more contentious. the fight over whether or not to raise the minimum wage. we saw the protests in more than 100 american cities...
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president obama is taking his message about the economy to the district. 'll te you what brought him to the southeast. and a live report from "30 >>> welcome back to news 4 at 4:00. i'm pat lawson muse. >> and i'm jim handly. president obama warned that the nation's economic future is threatened by what he calls a dangerous income disparity. he called for federal action to narrow the gaps, such as a hike in the minimum wage. steve handelsman is live on capitol hill with the story for us. >> thanks, jim. federal action, which means spending, which means this is part of the budget battle. and here on capitol hill tonight, both sides, there's good news. both sides saying that it looks like they're closer to a two-year budget agreement. but president obama today was looking a lot longer term than that, and frankly looking to change what has been the subject of washington. >> the president widened his focused from obama care to the economic class. >> if you work hard, you should make a decent living. >> fewer americans are. income disparities are getting worse.
president obama is taking his message about the economy to the district. 'll te you what brought him to the southeast. and a live report from "30 >>> welcome back to news 4 at 4:00. i'm pat lawson muse. >> and i'm jim handly. president obama warned that the nation's economic future is threatened by what he calls a dangerous income disparity. he called for federal action to narrow the gaps, such as a hike in the minimum wage. steve handelsman is live on capitol hill with the...
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Dec 2, 2013
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, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. >> pelley: today the los angeles county coroner said autopsy results for actor paul walker could be released by tomorrow. dental records are needed to make a positive identification. walker, who was 40, died saturday after the car he was riding in crashed and exploded. ben tracy has more. >> reporter: this video shows the fiery wreck moments after paul walker and a friend crashed into a pole in valencia, california. this is walker just before leaving a fund-raiser saturday standing next to a porsche carrera gt, a sports car. his friend, roger rodas, who races cars, was believed to be driving it when they crashed. shr-fs detectivive say speed was a factor but don't think they were racing. the speed limit in the area was wa miles per hour. lker was best known for his role in the "fast and furious" films. the franchise focused on illegal st
, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. >> pelley: today the los angeles county coroner said autopsy results for actor paul walker could be released by tomorrow. dental records are needed to make a positive identification. walker, who was 40, died saturday after the car he...
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Dec 5, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. south korea sout >>> so the news here in washington today. historians looking back on the launch of obama care may choose to add the words if you like your plan you can keep your plan period to the long list of political promises proven untrue along side read my lips, no new taxes. the phrase isn't going away and the story line isn't going away. young people are leaving in droves. >> the if you like your health care you can keep it quote, harry reid has revived the debate the president told the truth all along. >> there were thousands of people that found out that was not actually possible. >> but i still go back and say what i said earlier. what he said was true. >> okay. >> if you want to keep your insurance you have,
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. south korea sout >>> so the news here in washington today. historians looking back on the launch of obama care may choose to add the words if you...